Snack food company J&J Snack Foods (NASDAQ:JJSF) will be reporting earnings tomorrow after market close. Here’s what to look for.

J&J Snack Foods met analysts’ revenue expectations last quarter, reporting revenues of $440 million, up 3.3% year on year. It was an ok quarter for the company, with a decent beat of analysts’ EBITDA estimates.

Is J&J Snack Foods a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting J&J Snack Foods’s revenue to decline 3.5% year on year to $428.3 million, a reversal from the 10.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.85 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. J&J Snack Foods has missed Wall Street’s revenue estimates four times over the last two years.

Looking at J&J Snack Foods’s peers in the shelf-stable food segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Mondelez delivered year-on-year revenue growth of 4%, meeting analysts’ expectations, and Utz reported a revenue decline of 1.7%, in line with consensus estimates. Mondelez’s stock price was unchanged after the results, while Utz was up 7.1%.

Read our full analysis of Mondelez’s results here and Utz’s results here.

Investors in the shelf-stable food segment have had steady hands going into earnings, with share prices up 1.2% on average over the last month. J&J Snack Foods is up 5.3% during the same time and is heading into earnings with an average analyst price target of $192 (compared to the current share price of $176.67).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.